Illustrative image (Source: tapchitaichinh.vn)
 
Hanoi (VNA) – The State Bank of Vietnam (SBV) reduced the daily reference exchange rate by 5 VND to 22,678 VND/USD on August 28.

With the current trading band of  +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,358 VND/USD and the floor rate 21,998 VND/USD.

The opening hour rates at commercial banks fluctuated slightly.

Both Vietcombank and BIDV adjusted the rates down by 5 VND in both sides from the previous day, listing the buying rate at 23,255 VND/USD and the selling rate at 23,335 VND/USD.

The rates at Techcombank are listed at 23,230 VND/USD (buying), down 10 VND from the previous day, and 23,340 VND/USD (selling), unchanged from August 27.-VNA